REM - Renewable Energy
Siemens Energy takes $2.4bn loss from wind turbine quality issues
Publishing its third-quarter results, Siemens Energy said the troubles at Siemens Gamesa, one of the world’s biggest wind turbine manufacturers, would come at a cost of €2.2bn, causing its net loss to balloon sixfold to €4.5bn for 2023.
Spain’s ID Energy secures credit for solar, wind projects
Spain's ID Energy Group has successfully secured a development debt facility to bolster its late-stage solar PV and onshore wind projects across Europe, the company reported on August 9.
EDF, Canadian Solar reach 7-GW PV deal in US
Canadian Solar and EDF Renewables North America unveiled a substantial multi-year module supply agreement this week, signalling a strategic partnership to deliver up to 7 GW of high-efficiency N-type TOPCon solar modules.
US scientists make fusion power breakthrough
US scientists have successfully achieved net energy gain in a fusion reaction for the second time since December 2022, marking a significant step towards the future of clean power.
Norway gives more time for offshore wind applications
The Norwegian Ministry of Petroleum and Energy has extended the application deadline for offshore wind project areas in the Southern North Sea II and Utsira Nord regions until November 1.
€115mn to be invested in offshore wind infrastructure in Lithuania’s Klaipeda seaport
Fitch affirms hydropower company Uzbekhydroenergo at 'BB-'
Lobby group praises Lithuanian changes to wind contracts
Industry lobby group WindEurope has lauded Lithuania's strategic choice to employ a contracts for difference mechanism in its forthcoming second offshore wind tender.
Renewable investments surge after Biden's IRA legislation
Renewable energy investments experienced a substantial upswing during the year following US President Biden's signing of a comprehensive climate, tax, and health care bill, as reported by the American Clean Power Association, an industry trade group.
Four more wind projects proposed off New Jersey
BP may not seek subsidies for Irish Sea offshore wind
BP may not use government subsidies with a contract for difference for its 3-GW Morgan and Mona offshore wind projects in the UK’s Irish Sea.
Masdar marks roadmap to $3bn green bond offering
Masdar of Abu Dhabi has marked the successful completion of its first green bond issuance for $750mn 10-year senior unsecured notes at London Stock Exchange (LSE).
Turkey studies four maritime areas potentially suitable as country’s first offshore wind power zones
Kenya seeks investors in 22-MW geothermal power plant
The Kenyan government intends to bring on board investors to implement the Paka geothermal power plant that will have the capacity to generate 22 MW.
Uganda picks Russia, South Korea to build two nuclear plants with total 15,000MW capacity
Uganda, rich in untapped uranium deposits, plans to export electricity generated by the NPPs to underserved countries in the region including the DR Congo, South Sudan and Chad.
India’s NTPC to build 550-MW solar plant
India’s NTPC Renewable Energy has been granted a letter of award to build a 550-MW solar plant, Green Tech Lead reported on August 1.
REM: Cambridge Power receives permit for 60-MW battery
Cambridge Power receives permit for 60-MW battery
UK energy storage developer Cambridge Power has obtained planning permission for the development of a 60-MW battery energy storage system (BESS) in Yorkshire, northern England, Renews reported on August 1.
APEX Group acquires land for 600-MW green hydrogen plant
German developer and operator of green hydrogen electrolysis plants APEX Group revealed that it has reached agreement to purchase three plots of land in Lubmin, north-eastern Germany, to construct a 600-MW green hydrogen plant.
Ghana approves lithium, other green minerals policy to drive higher local participation and interests
Siemens backs $2.9bn green hydrogen project in Chile
Siemens, the German multinational technology conglomerate, has signed a $2.9bn agreement with Verano Energy, the Chilean renewables energy firm, to develop a ground-breaking green hydrogen-production complex in Chile.
Saudis back construction of solar energy plant in Belize
The government of Belize and the Saudi Fund for Development (SFD) have signed a loan agreement for $77mn to finance construction of a solar power plant with 60MW of installed capacity.
China to introduce Zeekr brand in Kazakhstan
AsiaElec: Japan’s green transition continues apace even as bribery allegations surface
Germany’s Uniper to spend €8bn to accelerate green transition
Germany’s state-owned energy company Uniper announced on August 1 that it will allocate €8bn ($8.8bn) up until 2030 to transforming itself into a green business, Renewables Now reported.
South Africa's available power capacity increased by 2GW in eight weeks, minister says
US Department of Energy earmarks $453mn for home solar and battery storage in Puerto Rico
Puerto Rico’s green energy industry has received a major boost with the US Department of Energy (DoE) announcing on July 31 that it will provide up to $453.5mn in funding to support residential rooftop solar and battery storage installations.
VoltStorage receives EU-backed €30mn loan to advance battery technology
German battery storage firm VoltStorage has secured a venture debt loan worth €30mn ($33mn) from the European Investment Bank (EIB), Energy Storage News reported on August 1.
Energia Group and Vargronn to jointly develop two Irish offshore wind farms
Ireland’s Energia Group and Norway’s Vargronn announced on August 1 that they will team up to jointly develop two offshore wind sites off the southern and eastern coasts of Ireland Renewables Now reported.
Capital Energy to sell renewables portfolio of 4.3 GW
Spain-based renewable energy developer Capital Energy is seeking to offload its renewable energy portfolio by hiring international advisory firm Lazard to help find a buyer, Reuters reported on July 30.
US discussed ‘creative ways’ to help get rare earths out of Mongolia
Surrounded by China and Russia, landlocked country is in a delicate geopolitical position.
TotalEnergies takes full control of Total Eren to boost renewables portfolio
French multinational energy company TotalEnergies revealed on July 25 that it will acquire complete control of joint venture Total Eren.
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